Macy’s Inc. recognized a $3.1 billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. The department store retailer also recognized an $80 million long-lived asset impairment charge, according to a first-quarter financial...
As department stores suffer amid the COVID-19 health crisis, John Lewis is set to shutter many locations, and Harrods is eliminating 700 positions. John Lewis Chairman Sharon White said the retailer will likely eliminate the yearly bonus that all employees usually receive and will close...
As omnichannel retail becomes pivotal for success in the long haul, merchants in cities big and small are harnessing eCommerce. Square has seen merchants transition to the web in weeks — or even days in some instances, the company said in its Rise of eCommerce report....
The shift to “Digital 3.0” is bringing a new technology into focus. Get ready for composable commerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
The Facebook ad boycott – which first found traction with retailers – gained momentum on Monday (June 29), as more brands joined the list of companies that have hit “pause” on the social media platform. Get the Full Story Complete the form to unlock this...
To let agricultural suppliers in its supply chain roll out bolstered versions of their online shopping websites, Chipotle Mexican Grill unveiled the Shopify-powered Chipotle Virtual Farmers’ Market. The quick-service restaurant (QSR) chain’s suppliers will have the ability to provide dairy, meat and grain items —...
If people can’t get to the gym, it’s time to bring the gym to people. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
To provide another contactless way for consumers to receive their orders, Domino’s Pizza, Inc. unveiled its Domino’s Carside Delivery service. The offering is a contactless carryout method that diners can opt for when they make their prepaid eCommerce orders and can be used at stores...
With the reopening of the U.S. economy underway, American Express is rolling out a $200 million program designed to boost spending at small businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
